In order to give readers a bit more context, I thought it would be useful to update this trend of monthly minimum ‘Market Demand’ in NSW (the blue bars) till the end of September 2024 (i.e. the last complete month):
This chart is produced with the ‘Trends Engine’ within ez2view.
Paul was one of the founders of Global-Roam in February 2000. He is currently the CEO of the company and the principal author of WattClarity. Writing for WattClarity has become a natural extension of his work in understanding the electricity market, enabling him to lead the team in developing better software for clients.
Before co-founding the company, Paul worked as a Mechanical Engineer for the Queensland Electricity Commission in the early 1990s. He also gained international experience in Japan, the United States, Canada, the UK, and Argentina as part of his ES Cornwall Memorial Scholarship.
Reaching for the same NEMreview query we’ve used a few times in 2024 Q2, we take a look at how futures prices have traded in NSW, following the announcement of agreement to extend the service life at Eraring Power Station.
Sunday 18th August 2024 sees Queensland reach a new ‘lowest’ point for ‘Market Demand’ … not quite 8 months after it saw a ‘highest ever’ point for ‘Market Demand’. Stretched at both ends, and a clear indication of the challenges of this energy transition.
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